The Central and Eastern Europe-focused private equity firm has raised €100m from investors including the George Kaiser Family Foundation for tech investments in Poland and other countries in the region.
The Middle Eastern private equity firm has done its debut deal from is maiden $1bn telecom, media and technology-focused fund.
The resignation of Phil Green as a non-executive director comes less than a month after he resigned his position as the firm’s CEO. The change comes amid ongoing strategic review and restructuring at the Australian infrastructure specialist.
The publicly listed fund of funds is now trading at almost a 50 percent discount to NAV. In a statement, the fund says it is “hopeful” that a deal for Lehman’s asset management and alternatives units “will be made within a very short period of time”.
Amid the turmoil of its parent company, AIG's investment arm continues its Asian expansion with the hiring of Michael Chae.
As part of a frantic weekend on Wall Street, Bank of America has agreed to acquire Merrill Lynch, including its investment management business. A spokesman said it was ‘too early’ to tell whether the deal would include Merrill’s private equity portfolio, or whether it would spin out as an independent firm.
Led by former Abraaj managing director and co-founder Shirish Saraf, the nascent Samena Capital intends to hold a $350m final close on its regional special situations fund by the end of next month and has separately set aside $50m to buy stakes in other Asian asset managers.
The US-based infrastructure fund has also completed its first deal, with the purchase of a $363m stake in Florida-based Global Tower Partners from another Macquarie-managed infrastructure fund.
Described by a former coworker as 'the relationship guy', Richard Klapow has left Macquarie Capital’s advisory arm in New York to join Alinda Capital Partners as a managing director, marking the third recent senior executive departure at Macquarie.
The private equity firms are reportedly in discussions to buy Lehman’s investment management unit, which includes its $30bn private equity portfolio. The price of the investment management arm, around $5bn last week, may come down after Lehman’s bankruptcy filing today.